Tag ArchivesGDP

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Policy Uncertainty Index moves into negative territory

The North West University (NWU)’s Business School’s Policy Uncertainty Index (PUI) for  2Q 2018 rose to 51.0 (baseline 50) compared to 49.6 in 1Q 2018 “The latest rise in the PUI is the result of a blend of economic and political factors over the past three months which have generated a renewed degree of policy […]

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SA could get to a growth rate of 3.7% or more

“We should put behind us the era of diminishing trust in public institutions and weakened confidence in leaders,” was a key statement to come out of President Ramaphosa’s State of the Nation address earlier this year. Statements such as this show that President Ramaphosa is clearly keenly aware of the issues facing South Africa, and […]

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yolanda

What SA needs to overcome in order to reach a new growth path

By Yolanda Naudé, Head of Fund Research and Portfolio Manager, Citadel. The South African economy has displayed average annual growth of a mere 1.1% over the past four years, while, at 1.6% per year, our population is growing faster than this. Clearly, the economy is not growing sufficiently rapidly to absorb new entrants into it […]

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Dr Adrian Saville

‘SA economy effectively standing still since 2008’

By Dr Adrian Saville, CE, Cannon Asset Managers. Looking at GDP from the production side of the economy: · At the headline level, the number make for worrying reading with the SA economy contracting by 2.2% over the first quarter on an annualised, seasonally adjusted basis, and rising by a modest 0.8% for the year […]

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Help at financial recession

1Q18 GDP disappoints even the bears

By Jason Muscat, FNB Senior Economic Analyst. 1Q18 GDP growth disappointed sharply, even against our bearish forecast of -1% q/q. Growth contracted -2.2% q/q and expanded just 0.8% y/y. As expected, the headline number was dragged lower by the mining and manufacturing sectors, which contracted by -9.9% q/q and -6.4% respectively, each shaving 0.8 percentage […]

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Minister of Finance, Mr Nhlanhla Nene

SARS collects R1 216.6 billion in the financial year 2017/18

The South African Revenue Service collected an amount of R1 216.6 billion in the financial year 2017/18. This was announced today at a press conference by the Minister of Finance, Nhlanhla Nene. “It should be noted that these are preliminary results, which will be subject to final audit. The preliminary result is very close within 0.06% […]

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S&P Global Ratings Raises GDP Forecast For South Africa, Says Report

S&P Global Ratings has raised its GDP growth forecast for South Africa to 2% for 2018, from 1% previously, and 2.1% for 2019, from 1.7%. This is partly due to strengthening domestic and foreign investor sentiment following a change in the country’s leadership and ensuing policy announcements. An ongoing global upturn is also boosting demand for both commodities […]

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Prof Raymond Parsons

Moody’s decision ‘good news’ for SA economy

Moody’s decision on SA’s investment rating is good news for the economy and the country must use the breathing space wisely.  This is the view of NWU School of Business and Governance Economist, Professor Raymond Parsons. ‘The widely-expected but critical decision by Moody’s to retain South Africa’s existing investment rating and also to raise the […]

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